‘China must give us magnets’: Trump warns of 200% tariffs amid trade dispute

US President Donald Trump addressed the rare earth magnet dispute with China, warning of potential 200% tariffs if supplies are not provided. He highlighted the historical monopoly China created over magnets, emphasizing national security concerns and the US plan to ramp up domestic production. Trump stressed that America holds stronger trade leverage, maintaining a good relationship with China, and dismissed media from the Oval Office while outlining his strategy for tariffs, trade negotiations, and securing critical resources.